Chubb Limited Shareholders Approve 33rd Consecutive Annual Dividend Increase; Chubb Limited Board Declares Record Date for First Dividend Installment and Authorizes New Share Repurchase Program

Chubb Limited (NYSE: CB) announced today that at its 2026 Annual General Meeting, held at the company's offices in Zurich, Switzerland, shareholders approved a 5.2% increase in the company's dividend to $4.08 per share annually ($1.02 per share, per quarter) from $3.88 per share ($0.97 per share, per quarter). This marks the 33rd consecutive annual increase in the company's dividend. Shareholders also voted in line with the Board's recommendations on all other agenda items at the Annual General Meeting. The dividend will be payable out of legal reserves in four quarterly installments and will be made in United States dollars by the company's transfer agent, as described in the Chubb Limited 2026 proxy statement. The company's Board of Directors declared that shareholders of record at the close of business on June 12, 2026 will be entitled to payment of the first installment of $1.02 per share on July 2, 2026. The company also announced today that its Board of Directors has authorized a new $7.5 billion share repurchase program. The program is effective July 1, 2026 and has no expiration date. The company's existing share repurchase program will remain effective through June 30, 2026. The timing and volume of any share repurchases under this authorization will be determined by management at its discretion. Share repurchases, which are subject to market conditions, other business considerations and applicable legal requirements, may be made in the open market, in privately negotiated transactions, block trades, accelerated repurchases or through option or other forward transactions.... Read more

Older articles featuring CB: